Employer Stock Account definition

Employer Stock Account means the account of a Participant which is credited with the shares of Employer Stock purchased and paid for by the Trust Fund or contributed to the Trust Fund. The Administrator will keep a separate accounting of different shares of Employer Stock to the extent necessary to administer the provisions of the Plan (e.g., a separate accounting of Employer Stock acquired with the proceeds of an exempt loan).
Sample 1Sample 2
Employer Stock Account means a separate bookkeeping account established for a Participant pursuant to Section 3.3 to which amounts equal to Employer Stock Contributions are credited.
Sample 1Sample 2
Employer Stock Account means the account established for a Participant to record his shares of common capital stock of the Employer purchased under ARTICLE XII.
Sample 1

Examples of Employer Stock Account in a sentence

  • Section 8.1(a)-(c) of the 2013 Plan Document provides that distributions from a Participant’s Dollar Account will be in cash and distributions from a Participant’s Employer Stock Account will be in cash unless the Participant elects to receive shares in stock.

  • Although the terms of the Plan are not clear, based on the 2019 Summary Plan Description and the Form 5500s, the Dollar Account invests in mutual funds and pooled separate accounts and the Employer Stock Account invests in NEB and CST stock.

  • According to Section 6.1 of the 2013 Plan Document, the Committee is required to establish two separate accounts for each Plan Participant as follows: a Dollar Account and Employer Stock Account.

  • It has established an Employer Stock Account for each Participant or Former Participant who has made an election to invest in Employer Stock and for each Participant or Former Participant in respect to whom a transfer was made to this Plan from the PAYSOP.

  • Employer Stock acquired by the Plan with the proceeds of an Exempt Loan shall only be allocated to each Participant's Employer Stock Account upon release from the Suspense Account as provided in this Section.

  • Diversification Shares" means, with respect to a Plan Year, twenty-five percent (25%) of the total number of shares of Employer Stock acquired by or contributed to the Plan (after December 31, 1986 if elected in the Adoption Agreement) that have ever been allocated to such "Qualified Participant's" Employer Stock Account (reduced by the number of shares of Employer Stock previously diversified pursuant to a prior election).

  • Within a reasonable period of time after the rebalancing period, the Administrator shall reallocate amounts in a Participant's Employer Stock Account and Other Investment Account so that after the rebalancing, the percentage of the aggregate Accounts, excluding Rollover Accounts, invested in Employer Stock is equal to the percentage amount specified in the Adoption Agreement.

  • The gains and losses in Employer Stock are allocated to the Employer Stock Account holding that stock.

  • Yet, Section 8.3(a)(i) imposes a mandate on the Committee to distribute a Participant’s Employer Stock Account by (A) not earlier than the later than the completion of the valuation of the Plan’s assets as of the last day of the Plan Year preceding the date of the Participant’stermination of employment and (B) not later than 60 days after the end of the Plan Year in which the Participant retires or terminates employment (if the Participant retires on or after his 65th birthday).

  • To the extent that the Committee was somehow prevented from distributing assets to Miller or any other Participant, within the time required by the terms of the Plan, a prudent and loyal fiduciary would have liquidated the Employer Stock Account and properly invested the assets in prudent and diversified assets.


More Definitions of Employer Stock Account

Employer Stock Account means the account maintained for shares of Longs Drug Stores Stock which originally were contributed under the Longs Drug Stores California, Inc. Variable Investment Plan, together with expenses chargeable thereto and earnings on those contributions.
Sample 1
Employer Stock Account means the ---------------------- portion of a Participant's ESOP Account that is credited with shares of Employer Stock. There shall be a separate Employer Stock Account for Employer Stock purchased with each Exempt Loan, and a separate Employer Stock Account for Employer Stock acquired by the trust without an Exempt Loan. An Employer Stock Account shall include stock dividends paid on Employer Stock allocated to such account and Employer Stock purchased with cash dividends to the extent those dividends were not used to repay an Exempt Loan or distributed to Participants.
Sample 1

Related to Employer Stock Account

  • Company Stock Account means the account established and maintained in the name of each Participant or Beneficiary to reflect his share of the Trust Fund invested in Company Stock.

  • Employer Stock means any class of common stock of Quest Diagnostics or the preferred stock of Quest Diagnostics that is convertible into common stock.

  • Stock Account means the account maintained on behalf of the Participant by the Custodian for the purpose of holding Stock acquired under the Plan.

  • Deferred Stock Account means a bookkeeping account maintained by the Company for a Participant representing the Participant's interest in the shares credited to such Deferred Stock Account pursuant to Paragraph 7 hereof.

  • Stock Fund means that portion of the Trust Fund consisting of Stock.

  • Company Stock Fund means a hypothetical investment fund pursuant to which Deferred Stock Units are credited with respect to a portion of an Award subject to an Election, and thereafter until (i) the date of distribution or (ii) the effective date of a Diversification Election, to the extent a Diversification Election applies to such Deferred Stock Units, as applicable. The portion of a Grantee’s Account deemed invested in the Company Stock Fund shall be treated as if such portion of the Account were invested in hypothetical shares of Common Stock or Special Common Stock otherwise deliverable as Shares upon the Vesting Date associated with Restricted Stock or Restricted Stock Units, and all dividends and other distributions paid with respect to Common Stock or Special Common Stock were held uninvested in cash and credited with interest at the Applicable Interest Rate as of the next succeeding December 31 (to the extent the Account continues to be deemed credited in the form of Deferred Stock Units through such December 31).

  • Deferral Account means the Company's accounting of the Director's accumulated Deferrals plus accrued interest.

  • Elective Deferral Account means the account established hereunder to which Elective Deferrals (including a separate accounting for Catch-Up Contributions) are allocated. Amounts in the Participant's Elective Deferral Account are nonforfeitable when made and are subject to the distribution restrictions of Section 12.2(e). The Elective Deferral Account may consist of the

  • Employer Account The Participant's Matching 401(k) Contributions Account, Matching Thrift Contributions Account, Employer Contributions Account, Qualified Matching Contributions Account and Qualified Nonelective Contributions Account, as the case may be.

  • Participant’s Account means an account maintained for each Participant’s participation in DSUs and/or RSUs under the Plan;

  • ESOP Account means a Participant’s account to which are credited Matching Contributions made to the Plan after March 31, 1989, and earnings and losses thereon.

  • Share Account means the brokerage account established by the Agent for each Participant to which shares of Common Stock purchased under the Plan are credited in accordance with Section 9. The Share Account will be established pursuant to a separate agreement between each Participant and the Agent.

  • Employer Contribution Account means, for any Participant, the account established by the Administrator or Trustee to which Employer Contributions made under Section 3.5 for the Participant's benefit are credited.

  • Deferred Compensation Account means the account maintained with respect to each Participant under the Plan. The Deferred Compensation Account shall be credited with Participant Deferral Credits and Employer Credits, credited or debited for deemed investment gains or losses, and adjusted for payments in accordance with the rules and elections in effect under Section 8. The Deferred Compensation Account of a Participant shall include any In-Service or Education Account of the Participant, if applicable.

  • Plan Account means the account established for each Participant pursuant to Section 8(a).

  • Stock Unit Account means the bookkeeping account established by the Company pursuant to Section 6.4.

  • Matching Contribution Account means the separate, individual account established on behalf of a Participant to which the Matching Contributions made on such Participant's behalf are credited, together with all earnings and appreciation thereon, and against which are charged any withdrawals, loans and other distributions made from such account and any losses, depreciation or expenses allocable to amounts credited to such account.

  • Employer Contribution means the amount paid by an employer, as determined by the employer rate, including the normal and deficiency rates, contributions, and funds wherever used in this chapter.

  • Employer Contributions means all amounts paid into ASRS by an

  • Retirement fund means the "Washington law enforcement

  • Unit Account means a notional account opened and managed by Us for You, in which the Units are allocated following the receipt of the Premium from You and in which the Units are cancelled by Us for the purpose of paying the benefits or for recovering the applicable charges;

  • Cash Account has the meaning set forth in Section 2.1(a)(ii).

  • Company Contribution Account means (i) the sum of the Participant’s Company Contribution Amounts, plus (ii) amounts credited or debited to the Participant’s Company Contribution Account in accordance with this Plan, less (iii) all distributions made to the Participant or his or her Beneficiary pursuant to this Plan that relate to the Participant’s Company Contribution Account.

  • Rollover Contribution Account means the separate Account maintained for a Member to record such Member's share of the Trust Fund attributable to any Rollover Contribution made to the Plan on his behalf.

  • Employer Matching Contributions means the Employer matching contributions made to the Trust Fund pursuant to Article V (Employer Matching Contributions).

  • Company Matching Contributions means the Company contributions described in Section 3.4.